Estonian Regtech Salv has secured €3.9 million in new funding to support its entry into the UK market. The funding round includes contributions from both new and existing investors, bringing the total capital raised this year to €7.9 million and total funding to €12.1 million. Salv, founded in 2019 by former anti-money laundering experts from Skype and Wise, offers a suite of products designed to detect, prevent, and stop fraud, money laundering, and terrorist financing. The company has 53 financial institutions across 12 countries among its clients. The investment will fuel Salv’s expansion in the UK, where it aims to address the rise in Authorized Push Payment (APP) fraud. The UK’s Payment Systems Regulator is set to introduce mandatory reimbursement for APP fraud victims, placing equal liability on both sending and receiving payment companies. Salv’s tools, including inbound transaction monitoring, are seen as critical in reducing financial institutions’ liability in the face of evolving regulatory demands. The company is also set to launch an AI-based no-code rule generator in Q2 next year, enabling financial institutions to adapt swiftly to new criminal behavior without developer support. Salv’s toolkit includes Bridge, a collaborative crime-fighting platform, which will initiate a closed pilot in the UK in collaboration with a global banking group early next year.
By FCCT Editorial Team freeslots dinogame telegram营销
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}